|
KMID : 1124020100260040325
|
|
Korean Social Security Studies
2010 Volume.26 No. 4 p.325 ~ p.355
|
|
|
The Effect of transition from tax expenditure to transfer expenditure -Family benefit-related income tax credit-
|
|
Kwon Hyuk-Jin
Shin Woo-Jin
|
|
|
Abstract
|
|
|
|
This study examine the realistic possibility of policy changes, switching universal family benefits instead of abolishing the family benefit-related income tax credit. In other words, in providing family benefits, the implication of transition from the existing tax expenditure approach to a transfer expenditure approach is reviewed in the financial and distributional terms. The main results are as follows. 1) To provide universal family benefi in Korea, it is preferable in terms of the coherence and effectiveness of welfare system that family benefit-related income tax credit is to abolish. 2) family benefit-related income tax credit is substantially regressive. 3) the policy change improves the redistributive effects of public finance both in terms of revenue and expenditure. 4) Redefining the roles and relationships of the existing welfare system and tax system, then the universal benefits provision for family welfare is not at all unrealistic.
|
|
|
KEYWORD
|
|
|
tax expenditure, transfer expenditure, social welfare, fiscal welfare, tax credit
|
|
|
FullTexts / Linksout information
|
|
|
|
|
|
Listed journal information
|
|
|